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Financial Capital comprises resources obtained from external providers and generated by our bank’s activities, that are used to support clients’ business and bank operations for the medium-long term. 

Our 2023 results

We have been delivering quality profitable growth across all regions and offering attractive and sustainable opportunities for our investors, while preserving capital strength and propelling the future


Net profit1


Shareholder distribution2

CET1 Ratio fully loaded

Our targets

Net profit broadly in line with 2023
RoTE (by 2024)
Shareholder distribution in line with value creation3

1. For FY23: Net profit excludes DTA write-up from TLCF (€893m).

2. FY23 CET1r is net of the accrual for the total FY23 distribution following the new EBA Q&A 2023_6887, i.e. including also the share buy-back not authorised yet by shareholders and supervisor.

3. Of which c.€7.2bn FY23 (Total FY23 distributions less part of first tranche SBB executed within 2023 (€1.4bn)), c.€3bn Interim FY24. Distribution subject to shareholder and supervisory approvals.

Driving shareholder returns

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Human Capital

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Social and Relationship Capital

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